Lupe Fiasco Is Giving Away $1 Million Dollars to Entrepreneurs

Everybody knows that you've gotta spend money to make money, and no one knows that better than people who already have a ton of it. Enter rapper Lupe Fiasco and Google Executive Di-Ann Eisnor, who have teamed up on a million dollar search for a savvy entrepreneur to focus on making improvements in poverty-stricken and marginalized neighborhoods.

Fast Company is reporting that the Neighborhood Start Fund will kick off in Brownsville, New York on Nov. 13 and will function on a two pronged plan: 1) search for ideas in overlooked neighborhoods and 2) redirect profits from successful startups back into the community.

ADVERTISEMENT

Thanks for watching!

An official statement regarding the project breaks it down further:

Eisnor, Fiasco, and other judges will hear business ideas from would-be Brownsville entrepreneurs. Finalists in the competition (Brownsville residents can apply here) will compete for $5,000 to turn ideas into prototypes, and will also have access to mentorship and free technology services.”

ADVERTISEMENT

Thanks for watching!

ADVERTISEMENT

Thanks for watching!

By next year Fiasco and Eisnor hope to develop the project into a $100 million dollar company, and to expand into dozens of neighborhoods.